[HIGHLIGHTS] Russia's economy is weakening: Putin wants to take the oligarchs by their collars

Russia's economy is weakening: Putin wants to take the oligarchs by their collars. Russia is running a budget deficit of 3.24 trillion rubles (about $33 billion), equivalent to 1.9 percent of GDP.

The cost of the attack on Ukraine is about $300 million per day, according to the Wall Street Journal. Russia's losses are rapidly approaching three grim milestones - reports Ukraineread Putin cannot expect any relief from the economy. Experts predict that the Russian economy will fall to two percent.